Stock Market Update
18-Dec-24 12:40 ET
Stocks and bonds remain ready to react to FOMC
Dow +215.94
at 43665.84,
Nasdaq +46.56
at 20194.11,
S&P +15.09
at 6065.70
[BRIEFING.COM] Stocks have walked a cautious path thus far.
The bond market also continues to move cautiously in front of the imminent FOMC policy announcement. The 2-yr note yield is down one basis point to 4.23% and the 10-yr note yield is up one basis point to 4.39% following a November housing report that showed weaker-than-expected housing starts and stronger-than-expected building permits.
Rate-sensitive areas of the market are underperforming the broader market, but like many stocks, losses are muted. The real estate (-0.4%) and utilities (-0.3%) sectors are the worst performers.
